Trump to corporations: ‘Don’t pay ANY taxes like me’

Trump: ‘Don’t pay ANY taxes like me’

The companies that paid nothing in taxes were “able to zero out their federal income taxes on $79 billion in U.S. pretax income,” according to this study. Lowering the rates and using various loopholes, subsidies and credits, Trump eliminated “$20.7 billion in the federal revenue last year” according to the Institute on Taxation and Economic Policy. Amazon, Chevron, Netflix, Eli Lilly, IBM, General Motors, etc are reaping tax cut benefits and paying nothing. John Deere, for example, reported earning $2.15 billion in U.S. income before taxes. It owed no U.S. taxes in 2018 and reported the government owes the company $268 million because of various deductions and credits, the report says. We pay for Deere’s profits! The cut in the corporate tax rate alone will save corporations $1.35 trillion over the next 10 years, according to the Joint Committee on Taxation. The cost of interest alone on the national debt runs $896 million each day!

Stop paying THEIR taxes: https://www.amazon.com/Tax-Credit-Class-use-your-credits-pay-ZERO/dp/1539462382

Taxes not done? Pay and get extension: https://www.irs.gov/pub/irs-pdf/f4868.pdf

What does it take to build a comfortable nest egg?

Time: Make Money the Old Fashioned Way. Fidelity analyzed its accounts that produced the highest returns. They found that account holders that did NOT 'manage' their accounts or died were the most successful. You can earn more in your investment account by NOT touching your money. When you let someone 'manage' your money they tend to waste it and then charge you to boot. Warren Buffett's teacher, Benjamin Graham, once said: Buy stocks like you buy groceries not perfume. Just buy the stock market index and keep buying. You own the most profitable firms worldwide. Recently, Warren Buffett has proved this strategy. Buffett made a bet with a hedge fund manager for $1 million 10 years ago. Buffett's strategy earned over 7% a year versus 2.2% for Wall Street's 'best and brightest.' He won!  Time and buying a broad group of stocks is what it takes to build a nest egg. Over 30 years, the index earned 11% a year vs 3.79% for a ‘managed’ account.

https://www.amazon.com/Just-Takes-Time-earn-money-old-fashioned/dp/1979380945

Do you really need an emergency fund? Make it tax-FREE

Nearly 3 in 10 of us dip into our retirement savings, according to Transamerica. Common reasons for taking 401(k) loans or hardship withdrawals include paying down debt, unplanned medical expenses, and paying for higher education. According to Forbes.com, most of us are taking vacations that we can't afford. One study they quote says that 74% of people say they'll go into debt to pay for their vacation. On average families spend 10% of their annual income on vacations! These withdrawals may get you through a tough time, but they also destroy the growth of your retirement savings, and you could pay penalties on these distributions. You're better off setting aside money for emergencies in a separate mutual fund. Aim to have three to six months' worth of living expenses. When we take from our retirement funds, we destroy the miracle of compounding in the future. We could end up with less than $5,000 in retirement, according to a Northwestern Mutual study. Statistics show that 80% of working people are living paycheck-to-paycheck. Time is the key to compounding and starting over after an emergency devastates a nest egg. Compare how long it takes to catch up with our savings if we have to start over or start late from this graphic: http://www.saferchild.org/power/

Our nest egg needs TIME to hatch: https://www.amazon.com/Time-Money-ways-maximize-savings/dp/1499692358

10 Best Used Trucks Under $10,000

New trucks cost a fortune $60K. They have a large profit margin for makers. Snatch a 2009 Super Duty F-Series XL with a 5.4-liter V8 for just $9,856. Check the 2008 Professional Grade GMC Sierra 1500. Watch for a 2007 Chevrolet Silverado 1500 Regular Cab or a 2005 Ford F150 Super Cab Pickup for under $10 grand. See a 2009 Nissan Frontier King Cab or a 2012 GMC Canyon Regular Cab for younger ride. I like the 2007 Honda Ridgeline for $9,900. Don’t forget the 2010 Ford Ranger or the 2008 Toyota Tacoma for better highway mileage. #1 worker is the 2009 Toyota Tundra V8.

Take all your discounts: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Many corporations pay NO taxes!

We pay their tax bill, eventually—debt is now $22 Trillion and counting—a $65,600 per person. Avoid future tax increases. You may not have started work with a $100-200 million boost from your father like Trump, but you can create your own tax-FREE stream of income like his. Clearly the Trump tax plan helps businesses and the wealthy. There is no reason why you cannot benefit from the tax code too. Using § 408 of the IRS code, you can create an unlimited account that grows without current or future tax. It eliminates taxes when taken out for your needs and can pass to your heirs totally tax FREE. No matter what your income, this helps you avoid future taxes to pay off the national debt. 

       With the recent increase in the national debt, you can avoid the future tax increases that are sure to strike most working Americans. Many American corporations and wealthy people have moved their wealth, corporations and the good-paying jobs to other countries. Many avoid taxes with complex tax shelters and subsidiaries. 

       Luckily, there is a way for you to avoid paying their taxes. You can use a FREE special IRS-approved tax shelter to protect all your savings and investment earnings. You can build a $1/2 million fund by investing $250 a month over time. You can use the tax laws for your benefit like the people in the top 1% income bracket do!

Use the Trump Tax Shelter: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

New Jersey insists brokers/advisors MUST give us ‘best available options’

Under the New Jersey regulation, brokers would have to make recommendations about securities and provide investment advice "without regard to the financial or any other interest of the broker-dealer, agent, adviser, any affiliated or related entity … or any other third party." Brokers also must recommend the "best of the reasonably available options" when opening or transferring assets to a specific type of account or suggesting that clients purchase securities or other investments. The proposal also states that disclosing conflicts of interest is not enough to comply with the rule.

Use the Fiduciary Rule: https://www.amazon.com/Fiduciary-Rule-Get-BEST-dont-settle-anymore/dp/1530980275

Trump new tax avoidance scheme for his buds

IRS has published the new regs for avoiding taxation for Trump’s family and friends’ ‘opportunity zone’ investments. They get to delay taxes. Ivanka and consort Jared have already jumped on this at the Jersey shore. It offers massive tax breaks to developers who invest in ‘downtrodden communities’ like Long Branch, N.J., where oceanfront condos list for $2.7 million. Investors who have capital gains from previous investments can defer taxes if they move them into Opportunity Zone projects. And they can permanently avoid paying taxes on any new gains from investment in the zones if they hold onto the investment for a decade. Thus Trump’s family and friends have set themselves up for FREE money for their future.

Set your money up for a tax-FREE future: https://www.amazon.com/Trump-Tax-Shelter-Avoid-taxes/dp/1985448300

Study over 30 years show how to live healthier

The results showed a correlation between healthy behaviors and cardiovascular issues: Women and men who maintained the healthiest lifestyles were 82% less likely to die from cardiovascular disease and 65% less likely to die from cancer when compared to those with the least healthiest lifestyles over the course of the roughly 30-year study period. The study suggested that maintaining these five habits could add up to 10 years or more to a person’s life: 1. Maintain a healthy diet 2. Exercise daily 3. Keep a healthy weight 4. Limit your alcohol intake 5. Don’t smoke.

Plan your money to last too: https://www.amazon.com/Your-Plan-Live-Age-100/dp/1548180793

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Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his lawyer says

“The campaign -- for him -- was always a marketing opportunity.”

Two Americas: A Banana Republic? Do we really want an infant king? Daddy Putin!

Will voters who need ObamaCare vote for it?

***********************

How Govt wastes our money: Congress spends $1.3 Trillion we don’t have! 

GOP Tax Cut. The cost of interest on the national debt runs $896 million each day.

Your portion of this debt is $65,600: Avoid the future taxes to pay just the interest.

Only 18% got a tax cut: Most of it went to rich: budget shortfall up 17% to $779 billion

Can Wash actually do something? How about stopping robocalls? Lobbyists say ‘NO’

Trump will jail asylum seekers (here legally) for years. Cost: $ Billions.

SCAMS/SPINS:

Trump promises pardon if his mob crew breaks the law: Dictator or Idiot?

Ivanka the next CEO/President of the US? After World Bank and United Nations!

Trump to end new overtime rules: Workers lose $1.2 billion under Trump rule.

TX claims huge voter fraud problem: 3 cases actually prosecuted; Political trick!

The Don tells Paris firefighters how to fight fires and Boeing how to cure 737 fears.

WH: Our reps are not smart enough to understand Trump’s tax avoidance methods.

Trump to send immigrants to Blue states: Civil War II? ‘Chinese finger trap’?

Lobbyists tell our Reps to make tax prep harder not easier: More pages; more profit

Trump to cut funding for disabled persons using excuse ‘cut administrative burden.’

Who pays for $500 Billion healthcare ‘administrative’ costs? We do, like another tax.

60 medical ‘professionals’ give pills for cash, sex: many die. Drug firms get rich!

12,000 doctors claim we get fecal in our meats since Agri Dept allows it if not ‘visible’.

James Earl, FL, caught giving bad advice to elder client on energy co notes.

Erica Salda Wendy Foster CA caught stealing $ millions from elder: intimidation.

Frederick Holloway, MD, caught misleading, impersonating, signing client annuities.

James Schwartz, NY, caught churning clients accounts lost $660,000 banned; no jail

CMFG Life Insurance WI caught shorting life insurance payout to beneficiaries

GE finally pays fine for selling defective mortgages in 2007-8. Many lost home/savings.

Etienne Allonce, Med Solutions, NY caught stealing $10 million from Medicare

Alexa workers listen to your family talk: BEWARE tapes may show up at your trial.

2010-14 Prius electric still fails: recall fix did not work

It took 32 kids’ deaths for Fisher-Price to recall “Rock ‘n Play Sleeper”: capitalism kills.

Mueller ignores Mob Boss family Russia deals: OK to conspire with enemy & obstruct!

1. “Russia, find Hill’s emails” 2. Don’s Mob made Russian deals 3. Russia tricked voters 4. Polling data payoff 5. Special Russia deals 6. Fire FBI 7. Refuse give testimony.

REDACTED Mueller Report here: https://thehill.com/policy/national-security/439485-read-muellers-redacted-report

The Mob Boss can never go to jail: Trump has Kava as Supreme so no indictment.

‘No man is above the law’ … well up till now. Dictators nullify courts first, then votes.

Supremes protect Don’s ‘Orders’? – GOP: ‘Sure, pres can change Constitution anytime.’

Jobs:

Studies say playing vid with friends more important than study in library. Who, not what?

Caddy counts on China for future sales of GM luxury brand.

Two-thirds of millennials are counting on a lottery jackpot to secure their retirements.

Who owns your account now?

Doctors want to improve ObamaCare: protect and extend coverage for all is goal.

Adults tell how to improve financial wellness: easy advice to follow but takes vision.

Miracle:

Nuns get away with child abuse too: “we would have sex. Not a relationship, sex.”

Even one dog can make a difference: https://www.youtube.com/watch?v=vjpLTT3WzAw

Listen Don! Houston police chief says deporting child without family is what Nazis do.

Gene therapy cures ‘Bubble boy’ infant immune disease without giving cancer.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts

How much does it really cost to invest?

How much does it really cost to invest?

Warren Buffett suggests we invest in two low-cost funds at Vanguard for life. He thinks John Bogle, Vanguard founder, was right—low-cost investing beats Wall Street advisors over the long term. Trading securities does not pay unless you have insider information (which is illegal, except for Congress). Bogle calculated that, over our investing lifetime, that little 2% broker/advisor fee will erode 63 percent of what you would have had. As Bogle puts it, “the tyranny of compounding costs” is overwhelming. Do the facts back up these claims? Buffett bet $1 million on the Vanguard 500 Index and beat 5 hedge fund strategies from 2008-2017. DALBAR tracks investments over time. They found that a simple S&P 500 index fund earned 11% a year over time while the average equity investor using a manager earned just 3.79%. “Cost matters” as Bogle used to say.

Pay less; earn more: https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

Trump tax returns may not reveal his hidden tax avoidance schemes

Since the 70s, Trump has been paying accountants and lawyers to hide his income and net worth for tax and negotiating reasons. With over 500 subsidiaries and entities, his situation may be difficult to understand from tax returns. He has been involved with foreign entities and shady characters for many years. Trump uses the alternate American tax system—the one designed for the wealthy. Tricks and perhaps illegal financial practices have stumped his bankers and auditors. His specialty is real estate which is one of the best methods of avoiding income taxes. When you buy a building with a loan, you can deduct from rents all the expenses and maintenance and ‘depreciation’—the full cost the building can be used for years to provide tax-free cash. For instance, in 1995, Trump paid no tax on his income of $10,846,076 because he had ‘paper losses’ of $915,729,293. That $ BILLION ‘paper loss’ would enable him to avoid taxes for up to 18 years. Each entity can have ‘paper losses’ for years. Plus Trump wrote off his loans for his bankrupt casinos, resorts, and buildings. And Mr Christie, Gov of NJ, even cut his casino taxes from $30 million to $5 million. Even his profitable golf firm in Westchester worth $50 million on some of his statements pays taxes on only $1.4 million tax assessor’s value. Jared has his own little tax avoidance gig going on too. He’s in on Dad’s new tax scam.

We pay Trump’s taxes: https://www.amazon.com/Americas-Socialism-Only-little-people-pay/dp/1535218584

Is it too late to file taxes?

Before spending $200-400 for a paid preparer, try filling in the screens using the IRS partners at irs.gov https://apps.irs.gov/app/freeFile/. The instructions are easy to follow especially if you have last year’s return to compare what forms you need. I have found https://www.freetaxusa.com very easy to negotiate and respond to email questions. This one charges only $15 for your state return: Fed is free. It is still $15 when as complicated like mine. Basically, you must pay tax on all your taxable income—wages, pensions, etc. This year you have less to deduct because the standard deduction was doubled. Beware some software glitches. However, you lost the personal exemption of $4,050 for yourself, your spouse and each of your dependents. For each child under age 17 you receive $2,000. In high property tax states—NY, NJ, CA, CT, etc you will probably owe this year. The deduction cap is now $10,000 and the average homeowners in these states pay about $20,000 property tax. The law was written by a Rep from a Red state.

Try software at irs.gov https://apps.irs.gov/app/freeFile/ before you go to paid preparers. Penalty for underpayment modified this year. Get extension: https://www.irs.gov/forms-pubs/extension-of-time-to-file-your-tax-return. Check the status of your fed refund: https://www.irs.gov/refunds

Use your tax refund to create a $1 million retirement fund

Michele had trouble saving. She seemed to always be waiting for her next paycheck. She never had enough to save for a rainy day like her Mom did. She used to make about $35,000 as a shop manager but with federal, social security, Medicare and state taxes, unemployment, disability, and health insurance, she was not able to put anything away for retirement. Years ago, her local tax preparer suggested she use her tax refund to create a retirement fund. Usually Michele would use her refund to pay bills or buy something special. The tax preparer said that if she agreed to start an IRA with $2,000 of her refund, she would be able to increase her refund--Uncle Sam would help her save. The amount she invested would reduce her income and make her refund larger. Each $2,000 would grow over time if she left it in stock mutual funds in her IRA account. Over time, it can grow large enough that she will have enough for retirement. 

A Plan for those who have NO 401k at work: https://www.amazon.com/Tax-Refund-Millionaires-Let-Uncle-Help/dp/149595644X

Are you driving the best car for under $30,000?

10 Most Comfortable Cars Under $30,000: Volkswagen Passat has one of the roomiest back seats in its class. Kia Optima added a suite of driver assists as standard equipment. Hyundai Sonata offers a wide range of models and powertrains to match your budget. Buick Regal Sportback has liftback body in addition to its upscale feel. Chevy Malibu has exterior style to go along with its comfortable interior. Subaru Legacy Outback offers the rugged good looks in a useful wagon body style and dependable all-wheel drive. Nissan has answered critics of bland styling with an all-new Altima. Toyota Camry’s great resale and dependability make this comfortable 4-door sedan a contender. Solid handling, low ownership costs and high resale value all add up to a winning formula in the Honda Accord. Chevy Impala has plenty of room front and rear and stellar infotainment. Save up to 40% on a 3-year old model: quality and VALUE.  

Save with insurance discounts: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Is Medicare for All right for you?

Medicare is not socialized medicine. Socialized medicine is where the government owns the hospitals, owns the labs, owns the MRI and CT machines, and all the doctors and support staff are on the government payroll. That’s not what Medicare is. In our current political fight, some GOP are using old fears of Russian-style ‘socialism’ to discredit the discussion of finding a more effective system of medical car and payment in America. Medicare pays for the high-cost end-of-life expenses and high-cost chronic conditions. Yet, users pay only $135.50 a month from their SS benefits. For-profit plans cost over $400 a month if you can find one in your state. Medicare is national: You pay $185 per year in 2019 for your Part B deductible. After your deductible is met, you typically pay 20% of the Medicare-approved amount for most doctor services. Some buy an Supplement for these. Your hospital coverage (Part A) is usually free. If you have not paid for Part A during your working life and you buy Part A, you'll pay up to $437 each month. Part C pays for drugs and costs vary depending on your needs. Congress could change the law and negotiate the costs for all of us so our costs are in line with all the other countries in the world. Some pay 50% less than we do for US drugs. The reason we do not have Medicare for All now is simply money. The clerk at my for-profit health insurer decides which procedures and care I receive. The company CEO makes more bonus if the clerk excludes some treatments and procedures. My doctor and I have little to say in it. Lobbyists get $160 Million to tell Congress: “NO MedicareForAll”

Medicare for All is worth a try!

Did you know your mutual funds make money even when the fees are ZERO?

When you invest in a fund, the manager buys your share of the stocks in your fund. For the Vanguard 500 Index Warren Buffett recommends, it owns shares of the top 500 companies. Because most investors are earning 11% a year over time, the stocks in your fund are held a long time. Your fund then loans the stocks out to other institutions that need them temporarily for a rental fee. This fee is what allows most funds to charge 0.04% or less. If your fund has millions of shares, they can make a lot more than your fees. So fees are falling and some are charging ZERO. However, depending on your agreement, you may be giving up your information and perhaps good service. So you may find ‘free’ is not really true. Some firms could start charging you after they get your money. Some could start using your information or selling it to target you for sales of other expensive products. Best Robo-Advisor is low-cost and unbiased advisor.

NO FREE LUNCH: https://www.amazon.com/Warren-Buffetts-Vanguard-Funds-Retirement/dp/1496148592

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Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his lawyer says

“The campaign -- for him -- was always a marketing opportunity.”

Two Americas: A Banana Republic? Do we really want an infant king? Daddy Putin!

Will voters who need ObamaCare vote for it?

***********************

How Govt wastes our money: Congress spends $1.3 Trillion we don’t have! 

Trump having a hard time finding the kids he wrenched from families: Cost $1 Billion

Trump told border agents to stop entry; close border: supervisors said ‘no’, follow law!

Violates own oath of office to uphold constitution and laws of US. Dictator orders illegal

SCAMS/SPINS:

Scott Klor caught involved in life insurance scheme not reported to firm. Fine no jail.

Law about Trump’s taxes is ignored by GOP, DOJ, Treasury, IRS. Trump above the law?

Wall funding reduces armed forces readiness: Pentagon shifts from regular needs.

Trump projects his USSR involvement on Dems: “Treason” when disagree on WALL?

Advertising agency Publicis employee sues Fidelity for 401k overcharging/kickbacks.

Financial crisis from corporate leveraged loans: Trump gutted regs learned 2007-8.

Richard Booy IL caught Ponzi $2 million from seniors promised guaranteed returns.

Senior Safe Act: Money advisors can help stop scammers by reporting abnormal acts.

BEWARE: 95% Of Bitcoin Trading Volume Is Fake—‘pump and dump’ is it’s normal

First Command financial may have illegal firing problem from an Air Force vet.

Anthem Health caught overcharging employees 401k records and funds. Fine, no jail.

Hedge fund has large returns but doesn’t pay taxes: how the other half lives

America’s attorney does what Trump tells him: FBI spies on USSR into Trump Towers

Insulin makers’ CEOs double price: Gov does nothing about life-saving drug prices.

Elder joint brace scammers caught stealing $1 Billion from our Medicare fund

TX wants to kill a woman if she has an abortion: Nazis go legal in TX.

Most of us will live longer: Your-Plan-Live-Age-100/dp/1548180793

Famous Black Hole in universe where nothing can escape except radiation around it.

Trump blames Obama for putting kids in cages: he claims he stopped it! INSANITY

Mueller ignores Mob Boss family Russia deals: OK to conspire with enemy & obstruct!

1. “Russia, find Hill’s emails” 2. Don’s Mob made Russian deals 3. Russia intel tricked voters 4. Polling data payoff 5. Special Russia deals 6. Fire FBI 7. Refuse give testimony

The Mob Boss can never go to jail: Trump has Kava as Supreme so no indictment.

‘No man is above the law’ … well up till now. Dictators nullify courts first, then votes.

Supremes protect Don’s ‘Orders’? – GOP: ‘Sure, pres can change Constitution anytime.’

Jobs:

Why people don’t vote: Reps get to Wash--subsidize largest corporations Boeing GM etc

Is your child ready to tackle life’s financial obstacles to happiness?

ADM grain trader layoffs in American

Retailers close more stores as online buying shows vitality

Ex-Pope blames society for child abuse: ‘seminaries filled with “homosexual cliques.”’

Who owns your account now?

Ameriprise Financial Auto & Home to American Family

Centurian retirement plans to Marsh McLennan

Blue Prairie Group to Cerity Partners

FiduciaryVest to Captrust

Wells Fargo’s retirement plan services to Principal Financial Group 

First time home buyers: Look before you leap to be successful at BIGGEST buy! 

Foresters Financial to Cetera

Miracle:

Opioid antidote can save addicts from death: tests continue.

United says, if they overbook, they won’t break your nose, drag you off plane anymore!

Woman has bees living in her EYE: Miracle they were alive and so is woman.

7-11 store owner caught teen stealing food: not arrested—Mr Singh fed the hungry.

IAN

41 Watchung Plaza, B242

Montclair, NJ   07042

973.746.2014

www.InsuranceAdvisorsNetwork.com

Alerts 

Give your child a leg up: Make sure they can make and manage money

Give your child a leg up: Make sure they can make and manage money

Only 17 states require your child to learn how to determine which investment pays the highest return on their money. Most think it is a savings account. This could be one reason most of us are going to be broke in retirement and the amount of credit card debt has doubled to over $8,000 per household. Children are moving back home after racking up huge student loan debts. Most parents have no clue about the fundamentals of personal finance—investing, interest rates, compound interest, why the rich get richer, and avoiding debt by creating your own ‘bank’ of tax-FREE accounts. Unbiased advice is easily available. For instance, if I loaned $250 a month to big companies we use every day, over time, with interest on my money left with them, would grow to be $63,000 in 10 years, $245,000 in 20 years, and $790,000 in 30 years. The Miracle of Compounding: I loaned them $90,000 ($3,000 X 30 yrs) and now I have $790,000. If I use a tax-FREE account, the amount is not taxed—now or later. I learned from John Bogle that you give up 63% of your total potential nest egg if you pay someone 2% a year to handle your money. Warren Buffett’s advice is so simple, anyone can follow it.

Use Unbiased Advice: https://www.amazon.com/Wealth-every-school-graduate-century/dp/1466427906

Is financial planning really like Netflix?

Instead of a 0.28% fee on your assets every year, Schwab will charge $300 financial planning fee once and a $30 flat monthly subscription that will not increase with assets. $360 a year sounds great compared with the $350 ($125,000 portfolio) that rises each year. You get investment management, a financial plan and unlimited guidance from a certified financial planner, whether you have $100,000 invested or $2 million. Of course, the details matter. We did a complete evaluation and plan with analysis for $750 from a CFP on less than a $1 million. If your situation is complex and changing, Schwab is a good deal especially if you have a good planner on over $1 million. If you have a smaller simpler nest egg, you may be overpaying. $30 a month for 30 years is over $10,000 and no extra benefit. If you believe in market timing with the right advisor, you may have a bargain here. Schwab makes their profits on the 8% cash you are required to keep instead of securities. However, most investors with active management earn just 3.79% vs 11% with an index fund. If you are a Warren Buffett investor, Schwab is not worth it.

https://www.amazon.com/Warren-Buffett-Your-Investment-Advisor/dp/1518690963

Is your advisor becoming your ‘therapist’?

Is your advisor ‘helping you change your behavior’ when it comes to money? This is their new role: “guide the client’s behavior so they can live their best life possible with the money they have.” But how can advisors do this—inputting your data in planning and trading software? Some think that advisors need to evolve to the more emotional aspects of money. Some brokers are told they must help us align our money with our values. They are told to find out our purpose in life. They are told to ask: “I’d love to get a sense for what gets you up in the morning.” Brokers must know our goals in order to plan the uses of our money. This requires that they “help us dream a bit and add real value to our lives.” Vanguard has studied this added value since they use paid staff not commissioned brokers. They use a ‘service-centric’ model not a ‘beat the market’ model. Brokers are told to raise their value to us by “positioning themselves as a truth tellers.” But brokers can’t tell us the truth—“my firm overcharges you because we only use high-fee products.” Problem is, most brokers don’t have time for counseling us. They must make enough sales daily to meet their firm’s revenue target. If we have less than a $1 million, therapy is too costly to perform on us. Unbiased fee-only planners are the best advisors.

https://www.amazon.com/Unbiased-Advisors-Network-helps-tax-FREE/dp/1470106841

Where is FREE tax preparation?

The free AARP tax-aide sites are filling up quickly: aarp.org/money/taxes/aarp_taxaide/. Before spending $200-400 for a paid preparer, try filling in the screens using the IRS partners at irs.gov https://apps.irs.gov/app/freeFile/. The instructions are easy to follow especially if you have last year’s return to compare what forms you need. I have found https://www.freetaxusa.com very easy to negotiate and respond to email questions. This one charges only $15 for your state return: Fed is free. It is still $15 when as complicated like mine. Basically, you must pay tax on all your taxable income—wages, pensions, etc. This year you have less to deduct because the standard deduction was doubled. Beware some software glitches. However, you lost the personal exemption of $4,050 for yourself, your spouse and each of your dependents. For each child under age 17 you receive $2,000. In high property tax states—NY, NJ, CA, CT, etc you will probably owe this year. The deduction cap is now $10,000 and the average homeowners in these states pay about $20,000 property tax. The law was written by a Rep from a Red state.

Try software at irs.gov https://apps.irs.gov/app/freeFile/ before you go to paid preparers. Penalty for underpayment modified this year.

Check the status of your fed refund: https://www.irs.gov/refunds

Is your ride un-reliable and expensive?

Consumer Reports' annual survey: greatest risks of problems in 10 models counting down to the least reliable model, the Jaguar F-Pace. Climate system, steering/suspension, power equipment are possible trouble for Volkswagen’s Atlas. Climate system, drive system, transmission are suspect in Caddy’s CTS. Power equipment, engine, in-car electronics may hurt Alfa Romeo Giulia. Engine cooling, emissions/fuel system, climate system may hinder Kia Cadenza. Climate system; transmission, minor; in-car electronics slow The Escalade. Climate system; transmission, minor; in-car electronics may knock the $65,000 CT6. Fuel/emissions system, drive system, steering/suspension may fade HD Silverado. Body hardware, paint and trim, in-car electronics, noises and leaks may annoy Tesla’s X. Transmission, minor; power equipment; noises and leaks may bother Buick Enclave. In-car electronics, drive system, power equipment, noises and leaks irritate Jaguar’s “SUV”. (Can sports car be an SUV too?) Is Chevy reliable? Compare JD Power voters: https://www.jdpower.com/business/press-releases/2019-us-vehicle-dependability-studyvds

Find reliable discount coverage: https://www.amazon.com/Vehicle-Insurance-Beware-Double-Coverage/dp/1480027634

Health Care is the issue for 2020

People were in favor 55% to 32% of improving the current health care system instead of replacing it with something new. When asked whether to remove the current system and replace it with single-payer through an expansion of Medicare to cover all citizens, 43% called it a “good idea” while 45% said it was a “bad idea.” By political party, 69% of Democrats and 42% of independents supported it while only 14% of Republicans did. For many voters, assuring family members of having care when they need it (including for pre-existing conditions) may be 2020’s 3^rd rail issue. Some have to borrow to pay for care and some do not get treated because of the cost. Trump vowed to kill our coverage for 20 million new insured and destroy the full comprehensive care guaranteed by ObamaCare. 55% of us worry a great deal about healthcare, topping a list of 15 issues. 49% worry a great deal about hunger and homelessness -- a new high. HALF of us worry about hunger & homeless. Hunger and Homeless are top concerns in America despite our growing wealth. For instance, today I got my annual physical free of charge. I need a colonoscopy and endoscopy which will also be free. If I had switched to one of Trump’s association plans, I might have a $3,000 charge since my procedures must be done in a hospital. I might just skip this hospital treatment and save the $3,000. The last time I got treatment I was sent a bill from a doctor who just wandered by my room. I had pre-qualified all the doctors for my tests in advance so I refused to pay this scammer.

Cover for pre-existing conditions: https://www.amazon.com/Health-Insurance-ONLY-right-policy/dp/1480125083/

Is your 401k plan too small to qualify for reduced fees?

Employee 401k plans that have few participants are paying 4 to 5 times what employees in large plans pay. The average costs are 28 vs 7 basis points respectively. That means that over time, you may end up with $500,000 vs $700,000. Unless you have a sizable match to your contribution, you need to find an alternative. You can earn more by paying less using a tax-deferred IRA. Your investment options may be more suited to your goals also. After all, the market index is up 15% so far after last year’s loss but you have earned 15% per year for 10 years. Think “Time is on your side.” So if earning more by paying less sounds like a good strategy, take Warren Buffett’s advice and put most of your investments in a simple low-cost stock market fund. If you use a low-cost Vanguard fund, you will earn close to the market rate of 11% not 3.79% in a managed account. An IRA is tax-deferred just like a 401k. The IRA trustee can debit your checking account similar to payroll deduction. Buffett’s advice is don’t sell and lose your compounding boost.

Consider your options: https://www.amazon.com/401k-IRA-Tax-FREE-Tax-Deferred-retirement/dp/1475057938

Will our health care cost be over a Quarter Million Dollars?

Fidelity estimates the cost of future health care at $285,000 for a couple living to age 87 and 89. The estimate have 3 parts: (39%) - Monthly expenses of Medicare Part B and D; (42%) – Medicare cost-sharing including co-payments, coinsurance and deductibles (e.g., for doctors’ office visits and outpatient services) and excluded benefits (e.g., vision and hearing exams, eye glasses, hearing aids, etc.); (19%) – Prescription drug out-of-pocket expenses (e.g., co-pays and amounts not covered by Medicare Part D that individuals pay out-of-pocket for prescription drugs). Actual expenses may be more or less depending on actual health status, area of residence, and longevity. The estimate assumes that no employer-sponsored retiree health coverage is available, and does not include other anticipated future health expenses. Things that are not covered by Medicare — dental, basic vision, over-the-counter medicines, long-term care — would be on top of that $285,000 estimate. Because we don’t have all that money available, we borrow the money—an estimated $88 Billion. 25% of us skipped treatment because of the cost. Nearly half fear bankruptcy in the event of a health emergency. Still 2/3rds of GOP think this is the best health system in the world. Most people don’t believe the cost can be controlled—the health care industry has more lobbyists stopping Congress from negotiating the costs. Our future income is committed to the industry. 

America pays more and gets less benefits: https://www.amazon.com/Americas-Socialism-Only-little-people-pay-taxes/dp/1535218584

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Make America, “The Don”, Great Again

Senile Psychosis or Parkinson’s delusions? quetiapine and clozapine

Truth isn’t truth, his lawyer says

“The campaign -- for him -- was always a marketing opportunity.”

Two Americas: A Banana Republic? Do we really want an infant king? Daddy Putin!

Will voters who need ObamaCare vote for it?

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How Govt wastes our money: Congress spends $1.3 Trillion we don’t have! 

IRS delayed penalty on tax owed this year: Estimate your new rate: 22, 24, 32, 35%

Judge stops Trump opening of federal Artic Atlantic waters to drillers/destroy wilderness.

Mueller staff says Barr summary misleads: Cover up underway by Trump/DOJ More lies.

$36 Billion for electronic health records: Death by clicks, errors; & errors from fixes, etc

TrumpCare in 2020 budget is block grants: your state reps pick care options for poor.

TN cut 128,000 kids from wellness program—many end up at expensive ER.

SCAMS/SPINS:

Trump-Hannity solve energy problem: Wind “only blows sometimes” so use coal.

Lobbyists not EPA decide which cancer-causing chemicals you can use in child play area

Jury decides asbestos in talcum powder does not cause your mesothelioma. 

Trump removes 78 regs on our health: more mercury, pollutants cause more sickness.

Trump bank Deutsche Bank kept money-laundering flowing despite knowing facts.

Wind turbines cause cancer according to TrumpCoal propaganda machine.

Govt receives more robo complaints but does little to stop them: Robos pay carriers!

CA has law against unwanted spam emails sent without our permission—fine $1,000 per.

Vision plans not help us but push us to buy high markup frames: kickbacks to Dr.

Fake news online confusing aging population: society effects health, wealth, safety.

JPMorganChase failed to inform clients: conflicts of interest managing money. No jail.

Dennis Gibb WA caught defrauding 15 investors of more than $3 million. Fine no jail.

Scott Capps PA stole $2 million from dormant accounts with stolen firm passwords.

Omar Zaki stole $1.7 mil mislead clients with fake formula claimed 80% return. Fine.

Greg Lindberg Eli Global, GBIG caught bribing NC public officials to regulate GBIG

ABB caught ripping 401k employee funds: moving from Vanguard to Fidelity $55 M.

Jose Ramirez, ‘Whopper’ caught stealing $1 million: client loans to buy bonds. Jail 

Direct Lending Investments, CA caught overcharging $11 M on fake loan values. No jail.

GOP to start ‘Bengazi’-type hearings to distract from Trump Troubles: Redo 2016?

GOP is NOT ‘party of health care’: No plan to make a plan Trump to destroy ObamaCare

Trump again promised “Great healthcare” if he is re-elected in 2020: GOP says no way!

GOP Senate becomes rubber stamp for Trump judges: American law turns right.

US Stem Cell caught blinding patients with injections of stem cells from fat. Continues

Catholic priests are burning books again: since Inquisition 1585

More immigrants will come from 3 countries Trump cut aid to since conditions get worse

Mob Boss gives in to N. Korea: lifts sanctions for NOT scrapping missiles: “I like Un”

“Individual 1” could be a Russian “asset”: Why FBI opened a file on The Mob Boss.

Mueller ignores Mob Boss family Russia deals: OK to conspire with enemy.

1. “Russia, find Hill’s emails” 2. Don’s Mob made Russian deals 3. Russia intel tricked voters 4. Polling data payoff 5. Special Russia deals 6. Fire FBI 7. Refuse give testimony

The Mob Boss can never go to jail: Trump has Kava as Supreme so no indictment.

‘No man is above the law’ … well up till now. Dictators nullify courts first, then votes.

Supremes protect Don’s ‘Orders’? – GOP: ‘Sure, pres can change Constitution anytime.’

Jobs:

Few graduates know which investment provides the highest returns: https://www.amazon.com/Wealth-every-school-graduate-century/dp/1466427906

Why people don’t vote: Reps get to Wash and give

Who owns your account now?

Home buying: https://www.bankrate.com/mortgages/apps-homebuyer-homeseller-best/

Get Advisor: https://www.amazon.com/Wealth-Wisdom-Questions-Wealthy-Families/dp/1119331536

Buy Driverless? https://www.insurancejournal.com/news/national/2019/04/02/522530.htm

Miracle:

One student shows HOW to make a difference: And it rubs off on others.

Pope gives convicted archbishop of Lyon another abuse chance: not accept resignation!

Most drivers are distracted while driving—miracle not more accidents.

IAN

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